GSEs

Kate Berry
August 20, 2020 1:51 PM

Lenders initially won't be able to pass on the cost of the Federal Housing Finance Agency's "adverse market fee" to borrowers whose rates on GSE-backed mortgages and refinances are already locked in.

6 Min Read
May 4, 2020 3:04 PM

Lenders implemented stricter underwriting across all loan types in the first quarter as the pandemic upended the economy, the Federal Reserve said in its survey of loan officers.

2 Min Read
April 27, 2020 5:00 AM

A credit union-specific liquidity backstop is far less popular than other options such as the Federal Reserve's discount window. The National Credit Union Administration wants to change that.

6 Min Read
The move aims to provide additional liquidity for small and community banks to “support the small businesses in their communities,” the FHFA said in a statement.
April 23, 2020 9:54 AM

The policy move will allow small institutions participating in the Paycheck Protection Program to pledge business loans as collateral to obtain advances.

1 Min Read
The mortgage giants Fannie Mae and Freddie Mac traditionally have not purchased loans that are in forbearance.
April 21, 2020 4:58 PM

Efforts to calm lenders’ fears about coronavirus-related forbearance may not offset tightening standards, and the FHA is less likely to boost volume than it was during the financial crisis.

7 Min Read
“Through the partnership being announced today, the Bureau will share our insights with FHFA and ensure we get their data on how mortgage servicers are working with their customers during this critical time and going forward,” said CFPB Director Kathy Kraninger.
Kate Berry
April 15, 2020 1:06 PM

The Borrower Protection Program enables the two agencies to exchange information about loss mitigation efforts and consumer complaints regarding specific servicers.

1 Min Read
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PMI
Brad Finkelstein
March 27, 2020 3:40 PM

The impending wave of loan delinquencies because of the coronavirus hurt private mortgage insurer earnings, but the companies will still have sufficient capital, a Keefe, Bruyette & Woods report said.

3 Min Read
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Scott Olson
March 27, 2020 12:52 PM

The government is cushioning the impact of the coronavirus on consumers, but independent mortgage bankers need funding to deal with increased levels of servicing advances because of forbearances.

4 Min Read
Secretary Mnuchin Delivers Statement On Financial Cooperation With Senior Mexican Delegation

Treasury Secretary Steven Mnuchin reiterated Thursday that he wants U.S. financial markets to remain open even as the coronavirus fuels wild volatility, while adding that he's focused on helping mortgage firms expected to be hit hard by the pandemic’s spreading economic pain.

3 Min Read
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Christopher Whalen
March 19, 2020 2:18 PM

A number of proposals have been floated for debt payment holidays and other types of moratoria, but such approaches offer solutions that are worse than the problems.

5 Min Read